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Santiago, Chile

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Sarra
Last Updated: 22-Oct-2009
Market Overview
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* Click on each category for a detailed definition.

RENT/M2/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) CLP$ 147,851.00 CLP$ 197,970.00 CLP$ 155,369.00 $ 25.16 $ 33.68 $ 284.56 4.0% 8.0%
Class A (Prime) CLP$ 122,792.00 CLP$ 145,345.00 CLP$ 130,309.00 $ 20.89 $ 24.73 $ 238.66 5.8% 8.0%
Class B (Secondary) CLP$ 105,250.00 CLP$ 125,298.00 CLP$ 112,768.00 $ 17.91 $ 21.32 $ 206.53 2.0% 8.0%
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A N/A N/A N/A
Class A (Prime) N/A N/A N/A N/A N/A N/A N/A N/A
Class B (Secondary) CLP$ 85,202.00 CLP$ 98,985.00 CLP$ 112,768.00 $ 14.50 $ 16.84 $ 206.53 13.5% 10.0%
 
Industrial
Bulk Warehouse CLP$ 15,035.00 CLP$ 25,059.00 CLP$ 20,047.00 $ 2.56 $ 4.26 $ 36.72 6.5% 12.0%
Manufacturing CLP$ 17,541.00 CLP$ 22,553.00 CLP$ 20,047.00 $ 2.98 $ 3.84 $ 36.72 3.5% 12.0%
High Tech / R&D CLP$ 30,071.00 CLP$ 39,343.00 CLP$ 33,830.00 $ 5.12 $ 6.69 $ 61.96 5.0% 12.0%
 
Retail
Downtown CLP$ 250,596.00 CLP$ 1,252,980.00 CLP$ 501,192.00 $ 42.64 $ 213.20 $ 917.93 N/A 6.5%
Neigborhood Service Centers CLP$ 200,476.00 CLP$ 300,712.00 CLP$ 250,596.00 $ 34.11 $ 51.17 $ 458.97 4.0% 11.0%
Community Power Center CLP$ 30,071.00 CLP$ 37,589.00 CLP$ 32,577.00 $ 5.12 $ 6.40 $ 59.66 4.0% 12.0%
Regional Malls N/A N/A CLP$ 250,596.00 N/A N/A $ 458.97 N/A N/A

Development Land Low/ M2 High/ M2 Low/SF High/SF
Office in CBD CLP$ 392,600.00 CLP$ 584,724.00 $ 66.80 $ 99.49
Land in Office Parks CLP$ 208,830.00 CLP$ 261,037.00 $ 35.53 $ 44.42
Land in Industrial Parks CLP$ 52,207.00 CLP$ 83,532.00 $ 8.88 $ 14.21
Office/Industrial Land - Non-park CLP$ 20,883.00 CLP$ 125,298.00 $ 3.55 $ 21.32
Retail/Commercial Land CLP$ 208,830.00 CLP$ 417,660.00 $ 35.53 $ 71.07
Residential CLP$ 104,415.00 CLP$ 229,713.00 $ 17.77 $ 39.09

Conversion 546CLP$ = 1 US$


Footnote: The rent values are + VAT
 

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